MY CHOICE WISCONSIN HEALTH PLAN INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

MARIA LEDGER

Phone

4142877600

Tax Period

2023-01-01 to 2023-12-31

MY CHOICE WISCONSIN HEALTH PLAN INC, founded in 2004, is a major nonprofit that reported $140.4M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

MY CHOICE WISCONSIN HEALTH PLAN, INC. IS A NONPROFIT MANAGED CARE ORGANIZATION THAT MATCHES FRAIL SENIORS AND PEOPLE WITH PHYSICAL AND INTELLECTUAL DISABILITIES TO THE HEALTH CARE AND LONG-TERM SUPPORTS AND SERVICES THEY NEED. WE OFFER GOVERNMENT-FUNDED (MEDICARE AND MEDICAID) PROGRAMS AND PARTNER WITH PROVIDERS TO CREATE STRONG, LOCAL PROVIDER NETWORKS. WE ARE DEDICATED TO OUR MISSIONS AND VALUES TO PROMOTE THE QUALITY OF LIFE OF OUR COMMUNITIES BY EMPOWERING OTHERS AND WORKING TOGETHER TO CREATIVELY SOLVE UNIQUE HEALTH AND LONG-TERM CARE NEEDS.

Program Service Accomplishments

Program 1

Expenses: $73,928,876 Revenue: $83,143,037

MY CHOICE WISCONSIN HEALTH PLAN, INC (MCWHP) OFFERS THE PARTNERSHIP PROGRAM, WHICH PROVIDES HEALTH AND LONG-TERM MANAGEMENT AND CARE SERVICES TO THE ELDERLY AND ADULTS WITH DISABILITIES. MCWHP'S...

MY CHOICE WISCONSIN HEALTH PLAN, INC (MCWHP) OFFERS THE PARTNERSHIP PROGRAM, WHICH PROVIDES HEALTH AND LONG-TERM MANAGEMENT AND CARE SERVICES TO THE ELDERLY AND ADULTS WITH DISABILITIES. MCWHP'S PARTNERSHIP PROGRAM HAD APPROXIMATELY 1,400 MEMBERS.

Program 2

Expenses: $29,023,531 Revenue: $34,106,777

MY CHOICE WISCONSIN HEALTH PLAN, INC OFFERS THE MEDICAID BADGERCARE PLUS PROGRAM, A HEALTH INSURANCE PROGRAM FOR PARENTS/CARETAKERS OF DEPENDENT CHILDREN, PREGNANT WOMEN, WISCONSIN CHILDREN, AND...

MY CHOICE WISCONSIN HEALTH PLAN, INC OFFERS THE MEDICAID BADGERCARE PLUS PROGRAM, A HEALTH INSURANCE PROGRAM FOR PARENTS/CARETAKERS OF DEPENDENT CHILDREN, PREGNANT WOMEN, WISCONSIN CHILDREN, AND CHILDLESS ADULTS THAT MEET CERTAIN INCOME REQUIREMENTS. THE BADGERCARE PLUS PROGRAM HAD APPROXIMATELY 23,000 MEMBERS.

Program 3

Expenses: $13,009,705 Revenue: $10,498,266

MY CHOICE WISCONSIN HEALTH PLAN, INC OFFERS THE MEDICAID SSI PROGRAM, A HEALTH INSURANCE PROGRAM FOR INDIVIDUALS WHO QUALIFY FOR FEDERAL SSI. THE SSI PROGRAM HAD APPROXIMATELY 3,100 MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,460,285

Investment Income $1,857,089

Other Revenue $2,073,484

TOTAL REVENUE $140,390,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,731,630

Other Expenses $25,933,468

TOTAL EXPENSES $139,516,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,390,858	$203,651,295	-0.3%
Expenses	$139,516,360	$199,495,113	-0.3%
Net Income	$874,498	$4,156,182	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,043,905

Total Directors

$5,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ORENDORFF	DIRECTOR AND CHAIR	1.00	Officer Director	$0	$0	$800
MICHAEL MAYO SR	DIRECTOR AND VICE CHAIR	1.00	Officer Director	$0	$0	$800
MARIA RODRIGUEZ	DIRECTOR AND TREASURER	1.00	Officer Director	$0	$0	$600
KENNETH BYOM DO	DIRECTOR AND SECRETARY	1.00	Officer Director	$0	$0	$400
LYNDA KRELLWITZ	DIRECTOR	1.00	Director	$0	$0	$400
LEE S SEESE	DIRECTOR	1.00	Director	$0	$0	$800
THOMAS BERGERUD	DIRECTOR	1.00	Director	$0	$0	$200
KATHRYN BRIETZMAN	DIRECTOR	1.00	Director	$0	$0	$600
JOHN HINTZE	DIRECTOR	1.00	Director	$0	$0	$800
MARIA LEDGER	CHIEF EXECUTIVE OFFICER	24.00	Officer	$0	$8,495	$619,432
JAMES HODSON	CHIEF FINANCIAL OFFICER	20.00	Officer	$0	$12,552	$506,250
KEVIN COLLINS	CHIEF COMPLIANCE OFFICER	23.00	Officer	$0	$18,621	$379,525
BETSY VAN HEESCH	CHIEF OPERATIONS OFFICER	20.00	Officer	$0	$27,307	$303,452
BRION BEAUCHENE	CHIEF INFORMATION OFFICER	25.00	Officer	$0	$17,376	$232,646
BRIAN HENRIKSEN	DIRECTOR ACCOUNTING/FINANCE	17.00	Highest	$0	$22,047	$166,476
NICOLE PAGLIARO	DIRECTOR PROVIDER SERVICES	10.00	Highest	$0	$5,650	$147,003
EMILY FAHEY	DIRECTOR REGULATORY AFFAIRS	37.00	Highest	$0	$5,598	$145,616
JONATHAN PEKELNICKY	DIRECTOR APPLICATION DEVELOPMENT	25.00	Highest	$0	$21,327	$148,144
JEFF WALSH	LEAD DEVELOPER ARCHITECT	21.00	Highest	$0	$14,767	$139,677

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$140,390,858	$139,516,360	$59,548,184	$874,498
2022	$203,651,295	$199,495,113	$99,487,218	$4,156,182
2021	$199,253,580	$194,238,206	$94,864,690	$5,015,374
2020	$212,602,756	$196,231,772	$92,657,703	$16,370,984
2019	$156,154,061	$156,893,265	$55,339,233	$-739,204
2018	$160,053,997	$156,579,491	$59,849,900	$3,474,506